HSBC 0.99% fixed rate mortgage

mwpt

michaels wrote: »

Nope - with a negative yield you get bet the face value of the gilt bt by definition of negative (absolute) yield, you pay more than face value for it

Whoops. Indeed.

AG47

chucknorris wrote: »

My current plan is to sell up when the base rate rises to around 2%, or in 10 years (if they stay low that long) whichever comes first. Brexit however may force me to reconsider my options, if prices fell, I think I would probably consider holding onto them for a bit longer, if that proved necessary.

Are you not worried about taxes going up astronomically?

chucknorris

AG47 wrote: »

Are you not worried about taxes going up astronomically?

No, what would be the point in worrying about that? I don't think that will happen, but if it happens, then it happens, no point in worrying about it.

poppy10_2

chucknorris wrote: »

My current plan is to sell up when the base rate rises to around 2%.

The problem will come if everybody else tries to sell at the same time

chucknorris

poppy10 wrote: »

The problem will come if everybody else tries to sell at the same time

I don't think that people generally tend to sell their homes just because interest rates rise (especially if we are only talking about a base rate of 2%, which is still low), they need somewhere to live. Those investors that want or need to get out will be doing so shortly, I would be merely instigating my long term 30 year plan of selling up in my 60's, nothing to do with being a sheeple. Also I don't think 2% is particularly high, I don't think that (non tracker) mortgages will be rising much with a base rate of only 2%.

EDIT: In fact, if rates stay low for a long time, I would sell anyway at a lower base rate, as I need to release the equity in time to spend it before my death, statistically I only have another 28 years, and some of those might be inactive years, so the clock is ticking.

padington

chucknorris wrote: »

I don't think that people generally tend to sell their homes just because interest rates rise (especially if we are only talking about a base rate of 2%, which is still low), they need somewhere to live. Those investors that want or need to get out will be doing so shortly, I would be merely instigating my long term 30 year plan of selling up in my 60's, nothing to do with being a sheeple. Also I don't think 2% is particularly high, I don't think that (non tracker) mortgages will be rising much with a base rate of only 2%.

EDIT: In fact, if rates stay low for a long time, I would sell anyway at a lower base rate, as I need to release the equity in time to spend it before my death, statistically I only have another 28 years, and some of those might be inactive years, so the clock is ticking.

You'll have to take a pretty nasty post Brexit haircut. Prices have dipped 8% apparently on the ground. December they'll probably bounce back to where they are but timing now is everything once May announces article 50 will never be implemented under her watch and affirms a commitment towards building a new European Union which tolerates planned immigration with more democratic systems of governance ( which ironically may become the biggest challenge to the sovereignty of parliaments of member states)

Corbyn on the other hand could simply take your properties from you in a few years time with no eu to protect private property.

TrickyTree83

padington wrote: »

once May announces article 50 will never be implemented under her watch and affirms a commitment towards building a new European Union which tolerates planned immigration with more democratic systems of governance ( which ironically may become the biggest challenge to the sovereignty of parliaments of member states)

Corbyn on the other hand could simply take your properties from you in a few years time with no eu to protect private property.

Bloody hell.

Tinfoil hat time.

Thrugelmir

AG47 wrote: »

Are you not worried about taxes going up astronomically?

If the money is spent wisely and not wasted. Then surely it benefits us all and our quality of life.

chucknorris

padington wrote: »

You'll have to take a pretty nasty post Brexit haircut.

Corbyn on the other hand could simply take your properties from you in a few years time with no eu to protect private property.

I don't think so, I think any post Brexit impact on London properties will have faded away by the time that I sell. I've still got at least 10 years up my sleeve if need be. Also we are planning to upsize our home (from about £700k to up to £1.2m), so we have a bit of 'roundabouts and swings' to throw into the mix, as far as house prices are concerned.

Corbyn? He's on the verge of being a 'has been', very soon he won't be a factor.

cells

chucknorris wrote: »

EDIT: In fact, if rates stay low for a long time, I would sell anyway at a lower base rate, as I need to release the equity in time to spend it before my death, statistically I only have another 28 years, and some of those might be inactive years, so the clock is ticking.

out of interest what method or plan do you have for spending it, eg a linear steady spend down over the 28 years or more upfront to reduce the risk of dieing with a bigger sum? also do you see it as a 'goal' to spend as much of it as possible before the 28 years etc